Power Mini/Micro LED, AUO continues to increase its wealth

Panel maker AUO announced on the 24th that in order to deepen business cooperation and long-term equity investment with its affiliate Fucai Investment Control, it has invested an additional 302 million yuan (NTD, the same below) in the past month. Statistics have continued to increase this year. About 604 million yuan has been invested, and the controlling stake in Fortune Investment has risen to 7.87%.

Fucai Investment Control was established by LED giants Jingdian and Lunda to attack the MiniLED share swap. AUO was originally the major shareholder of Longda. After the share exchange, it became one of the holding companies of Fucai Investment. With Fucai on January 6 AUO continued to increase its weight in the past three months after its listing on Japan.

According to AUO data, from January 7 to February 19, AUO acquired 36,15 thousand shares of Fucai at an average of 83.61 yuan per share, or about 302 million yuan. From February 22 to today, the average share is 84.21 yuan. Acquired 3590 thousand shares of Fortune, about 302 million yuan, cumulatively increased by 604 million yuan this year, and obtained 7205 thousand shares for Fortune.

According to statistics, AUO holds 25,255 thousand shares of Fortune Investment Holdings, amounting to 1.852 billion yuan, and its shareholding ratio is 3.68%. Together with the holdings of AUO subsidiary Kangli Investment and Longli Investment, it holds a total of about 7.87% of Fortune Investment Holdings.

Since the beginning of this year, AUO has continued to increase its shareholding in group businesses such as Fortune Investment Control and Jiasida. Chairman Peng Shuanglang recently stated that Fortune has locked the next-generation display Mini/Micro LED layout, because AUO has about 70-80 billion cash in its account. Yuan, as long as there is a good target, it will continue to invest in the establishment of an ecological chain.